Altcoins You Should Know About [Crypto Traders’ Guide]

Popular Altcoins – What are Altcoins?

Published by FrankNez Team.

Cryptocurrency is on the rise! Over the past decades, cryptocurrencies have innovated and created a revolution in the world of finance.

For this reason, several cryptocurrencies have been developed over the past years.

If you are an interested crypto investor, it will be hard for you to decide which crypto has the best potential out of the thousands up there in the crypto market.

We have researched the best altcoins with excellent market potential.

This article will list three of the altcoins you should know about. According to the crypto industry experts, these three altcoins have great fundamentals, reflecting their potential in the market.

Also, we will provide the price predictions for these altcoins from reliable media sites. So that by the end of the article, you will be able to find out whether the altcoins listed will be an excellent addition to your crypto portfolio.

Top Altcoins You Should Know About | Great Market Potential According to Experts:

  1. Ethereum (ETH)
  2. Ripple (XRP)
  3. Cardano (ADA)

Let’s get to know each altcoin on the list one by one. If you are ready, let’s start!

What are Altcoins?
Crypto News: What are Altcoins?

1. Ethereum (ETH)

The first altcoin on our list is Ethereum (ETH). The second-best cryptocurrency in the market and the strong competitor for Bitcoin.

The Ethereum network is an innovative attempt to improve blockchain technology. It is a comprehensive platform for developers to develop Decentralized Apps (DApps).

Vitalik Buterin, Ethereum Network Founder, built Ethereum intending to design a blockchain network that goes beyond the technology of the world’s leading cryptocurrency, Bitcoin.

It attempts to create a more functional network wherein ETH holders (the native token of the Ethereum network) can not only do crypto trades but also for developers to have a platform to create their DApps and even cryptocurrencies.

These processes are executed not just through multiple blockchains that make the Ethereum network run. These primary characteristics set the Ethereum network apart from Bitcoin’s blockchain technology.

Ethereum’s key features include smart contracts and Ether. Ether is considered the “gas” of the Ethereum network. This term is attributed to Ether since it is necessary to keep track of and facilitate all transactions that happen in the network. Even if you can create your crypto in Ethereum, you still need to own Ether to run the command you want to execute in the network.

On the other side, smart contracts are another critical feature that keeps the Ethereum network up and running. Smart contracts are transaction account that provides transaction execution records to ensure that each command runs effectively and accurately in the fastest way possible.

Smart contracts assure that transactions happen without error since any code that runs in one node will also run in all other nodes in the blockchain. Due to this, Ethereum can provide support to any created crypto in the platform without you having to worry about fraud, limitations, or third-party involvement.

These great fundamentals and critical features are what make the Ethereum prices soar. Since its launch in the crypto market, it has situated itself as the second-best crypto with a current trading price of $2,070 and a $244.67 billion market cap.

Despite the market fluctuations, its prices continued to go up. Experts are also expecting its prices to go higher before the end of the year.  According to an article entitled, Experts, Predict How High Ethereum’s Price Can Go, published by Time, ETH prices can go between $6000-$7,500 before 2022.

Buy Ethereum with Coinbase!

Ripple XRP
XRP – Popular Altcoins

2. Ripple (XRP)

The second altcoin you should know about is Ripple (XRP). Ripple (XRP) is another altcoin in which cryptosystem and blockchain technology has been developed and improved for over a decade. Ripple provides solutions to the slow, expensive, and complicated traditional financial institutes. Over the years, Ripple’s transactions have been more transparent and more cost-effective than any traditional finance services.

XRP is the native crypto of the Ripple Labs. It is used to pay settlements, exchange assets, and remit currencies in a faster and more secure platform. XRP can be used by the network of banks and financial intermediaries for fast international money transfers.

The crypto is pre-mined, and Ripple uses a less complicated mining method than that Bitcoin. Due to this, transactions are confirmed faster and cost cheaper.

Experts expect great future prices for Ripple. According to the Ripple Price Prediction article of Eclac, analysts are very optimistic about the XRP price forecast. Inhouse technical analysis by the crypto media site has shown predictions to be $5 and $8 by December 2025.

Cardano Altcoin
Popular Altcoins – Cardano (ADA)
Related: How to Invest in Cryptocurrency for Beginners

3. Cardano (ADA)

Last but not least is Cardano. Cardano (ADA) is a Proof-of-Stakes Blockchain technology which aims to give innovators and visionary organisations a platform to improve world-changing practices. Its founder Charles Hoskinson made Cardano develop interoperability and scalable financial system with the ability to verify the validity of smart contracts.

Cardano, like Ethereum, has a smart contract functionality. This means that ADA investors can create Decentralised Apps (DApps) and Decentralised Finance (DeFi) throughout the Cardano blockchain. Additionally, Cardano is praised for its mathematical principles utilised in its consensus mechanism and unique multi-layer architecture.

Furthermore, the Cardano blockchain overcomes traditional finance and other blockchain technologies’ scaling, interoperability, and governance problems. It is created to cater to investors’ needs by giving technical expertise and support 24/7 via online customer service.

Good fundamentals indicate strong market potential. Experts see a bright future for Cardano once it gains more adaptation in the years to come. According to Digital Coin Price, ADA will reach the five-dollar mark by 2030. The site declares that the ADA price would reach the maximum price of $5.59 in 2030.

Final Thoughts

According to crypto experts, this article listed the top three altcoins you should know about, for they have excellent crypto market potential.

You have come to know the fundamentals of Ethereum, Ripple, and Cardano.

In addition, you’ve even come to know the price prediction for each altcoin made by experts and media sites.

Remember that before investing your hard-earned money in specific crypto, it is necessary to conduct research.

Research and data analysis limit risks and ensure that your money is on a suitable investment.

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Related: These Powerful Cryptocurrencies Have Crazy Predictions

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